I have received Intimation U/s 154 of the Income Tax Act.

One penalty "Additional late payment interest against the processing of latest correct"

My question is than what is the time period for correction of my return so avoid this Additional payment of interest.

Can this interest penalty waived by the department.

Please suggest urgently.

Dear sir,

What is the minimum authorized share capital for company with the name XYZ india Pvt Ltd.

Thanking you sir,

Best regards.

Narasimha

What is the treatment for agricultural income of a private limited company , Do there is any need to deduct the expenses for arriving such income.how the income tax is calculated when the company has both business and agricultural income?

Dear Experts,

How to disclose debit balance of cash credit account (Working Capital Loan with the bank) as per revised schedule vi.

what does section 43ca and 50c say?

Hellow,

Sir, i want to know that is Ca (principal) have any right to refuse articleship transfer within one year?

if Ca refuse so what can article do?

Can we show Opening Stock in trading accont in order to reduce profit margin while ever first starting accouting/book keeping for small buisiness???

IS SERVICE TAX PAYABLE BY SERVICE PROVIDER ON FREE SUPPLY OF MATERIALS BY SERVICE RECIPIENT ?

IF SO PLEASE PROVIDE NOTES FOR THE SAME.
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THANK YOU.

I have income from salary in Assessment year 2014-15 (8 Lacs) and also I have traded in F&O this year. I have a loss of -1.25 Lacs on a turnover of 8 lacs. I usually file my IT return online and user ITR 1 for salaried income. This assessment year I have additional loss from F&O Trading now I need to show this in my IT Return this assessment year. I have below questions

1) Do I need to File ITR4 or ITR4S for the additional income ?

2) Do I need to show Loss under Income from Business under this assessment year ?

3) Do I need to get my accounts audited because of F&O Income

4) Will I have additional Tax Liability because of F&O trading.

5) What all documents I need to send to Income tax department after filing my return

Appreciate if you can answer these questions in details.

Is Interest received from Tax Savings FD Taxable